Hotel Okura South Wing redevelopment to start in 2024
Construction of a 225-meter tall tower to replace the former Hotel Okura South Wing building in Roppongi will start in 2024, with completion scheduled for 2028.
Kengo Kuma-designed condos coming to Chiyoda ward
Kengo Kuma & Associates has designed a new luxury condominium to the north of the Imperial Palace. The 18-story building is scheduled for completion in December 2024, with the apartments ready to move into from April 2025.
160m tall apartment tower for northern side of Atago Green Hills
Atago Green Hills will be getting a new 160-meter-tall apartment tower in the coming years. This project will potentially see a 43-story high-rise on a 2,910 sqm site. Completion could be sometime in the early 2030s.
58-story high-rise for Tsukishima
Construction has officially started for the Tsukishima 3 Chome North District Town Redevelopment which will see a 58-story apartment building on a prime site alongside Monja Street.
Ultra-luxury hotel for Torch Tower
On November 8, developers Mitsubishi Estate and Tokyo Century Corporation announced that Dorchester Collection will be operating an ultra-luxury hotel in the 390-meter tall Torch Tower near Tokyo Station. The hotelier is owned by the Brunei Investment Agency and operates The Beverly Hills Hotel, Plaza Athénée in Paris, and The Dorchester in London, to name a few.
OMA-designed retail project coming to Harajuku
Construction on a new retail project in Harajuku kicked off last month. The 6-story building will have a total floor area of 7,800 sqm (84,000 sq.ft) and occupy a 1,960 sqm site with front and rear street frontage.
New apartment price drops 5.5% in first half of 2022
According to the Real Estate Economic Institute, the average price of a brand-new apartment released for sale across greater Tokyo in the first half of 2022 (April - September) was 63,330,000 Yen, down 5.5% from the first half of 2021 and the first decrease in four years. This is due to fewer high-priced luxury condos being supplied compared to this time last year.